The wording is just what the prosecution used to open, so of course it's going to be a bit overboard.

From what I've read Bernie provably didn't undervalue F1, maybe he privately claimed he was undervaluing it as part of a seemingly dodgy deal, but if so that was a masterpiece of (legal as far as I can tell) deception. He's admitted he did make a bribe to make Gribkowsky go away though, and that's where things get dodgy. It'll be interesting to see if Gribkowsky actually had anything illegal on Bernie.

he did improve the sport but it was for his own benefit. he was the one selling it. it's my understanding that almost 60% of the money for television rights leaves the sport, the other 40 going to the teams. he is sucking money out of f1.